DekaBank Deutsche Girozentrale Acquires New Stake in CNO Financial Group (CNO)

DekaBank Deutsche Girozentrale acquired a new position in CNO Financial Group (NYSE:CNO) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,823 shares of the financial services provider’s stock, valued at approximately $171,000.

A number of other large investors have also added to or reduced their stakes in CNO. Meeder Asset Management Inc. raised its position in CNO Financial Group by 114.1% in the fourth quarter. Meeder Asset Management Inc. now owns 6,084 shares of the financial services provider’s stock worth $150,000 after acquiring an additional 3,243 shares in the last quarter. Connable Office Inc. purchased a new position in CNO Financial Group in the fourth quarter worth $205,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in CNO Financial Group by 50.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,461 shares of the financial services provider’s stock worth $258,000 after acquiring an additional 3,485 shares in the last quarter. Zeke Capital Advisors LLC purchased a new position in CNO Financial Group in the fourth quarter worth $266,000. Finally, Eqis Capital Management Inc. purchased a new position in CNO Financial Group in the fourth quarter worth $294,000. Hedge funds and other institutional investors own 94.71% of the company’s stock.

CNO Financial Group opened at $20.57 on Thursday, Marketbeat.com reports. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 1.02 and a beta of 1.16. CNO Financial Group has a fifty-two week low of $19.37 and a fifty-two week high of $26.47.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 25th. Shareholders of record on Monday, June 11th will be issued a $0.10 dividend. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.09. The ex-dividend date is Friday, June 8th. This represents a $0.40 annualized dividend and a yield of 1.94%. CNO Financial Group’s dividend payout ratio is 17.82%.

Several research analysts have issued reports on CNO shares. Wells Fargo & Co set a $25.00 price objective on CNO Financial Group and gave the stock a “hold” rating in a research report on Tuesday, February 13th. William Blair started coverage on CNO Financial Group in a research report on Monday, March 12th. They issued an “outperform” rating for the company. Zacks Investment Research cut CNO Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, April 17th. ValuEngine cut CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Finally, Morgan Stanley raised CNO Financial Group from an “underweight” rating to an “equal weight” rating in a report on Thursday, May 17th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $23.83.

CNO Financial Group Company Profile

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.

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Institutional Ownership by Quarter for CNO Financial Group (NYSE:CNO)

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